Madison Asset Management LLC Purchases 517,850 Shares of VanEck J.P. Morgan EM Local Currency Bond ETF $EMLC

Madison Asset Management LLC increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) by 101.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,029,811 shares of the company’s stock after acquiring an additional 517,850 shares during the quarter. Madison Asset Management LLC owned about 0.53% of VanEck J.P. Morgan EM Local Currency Bond ETF worth $25,859,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Ethos Financial Group LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% during the 1st quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock worth $8,167,000 after purchasing an additional 28,844 shares during the last quarter. Beacon Financial Group lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% during the 1st quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock valued at $420,000 after purchasing an additional 687 shares during the period. Evergreen Private Wealth LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 1st quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock valued at $1,734,000 after purchasing an additional 1,607 shares during the last quarter. Collaborative Fund Advisors LLC bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at about $3,579,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $32,000.

VanEck J.P. Morgan EM Local Currency Bond ETF Price Performance

EMLC opened at $25.37 on Tuesday. The firm has a 50 day simple moving average of $25.44 and a 200 day simple moving average of $25.71. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $24.80 and a fifty-two week high of $26.63.

VanEck J.P. Morgan EM Local Currency Bond ETF Company Profile

Market Vectors Emerging Markets Local Currency Bond ETF (the Fund) seeks to replicate as closely as possible, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (the Index). The Index provides direct exposure to local currency bonds issued by emerging market governments. The Index tracks regularly traded, liquid, fixed-rate, domestic currency debt issues by emerging market governments. The Fund invests at least 80% of its total assets in securities that comprise the Index. The Fund may also utilize convertible securities and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index.